Release date: 31 July 2015
Promoter – Financial Intermediary
Commercial banks active in the field of SME lending in Cyprus.Location
Description
Loan for banks operating and incorporated in Cyprus for the financing of small and medium-sized ventures carried out by small and medium-sized enterprises (SMEs) and mid-caps.
Objectives
Improving access to term finance at favourable conditions.
Comments
This operation, subject to approval by the EIB’s governing bodies, would be signed under a guarantee from the Republic of Cyprus and in close cooperation with the Cypriot authorities.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 240 million
Total cost (Approximate amount)
EUR 320 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 29/12/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).